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Jan 2, 2013
01/13
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i prefer the van guard msci euro etf, symbol vgk. that's victor george ken for all of you home gamers. i like it so much i own it for my charitable trust. you can follow it. a lot of reasoning why stephanie link and i co-director believe in this. it pays you a solid 3.7% yield while you're waiting. next up, yeah, there's -- china. not done. chinese economy has been in the process of bottoming for a while now. i think the genuine turn could be at hand. we know the chinese central bank has been providing capital injections to banks. last year they cut the reserve requirement three times, interest rates twice. i expect pair policy to remain easy. capital injections turned the tide. hit record levels in september/october. something that's helped the chinese economy dramatically as we see from improving macrodata points. purchasing managers numbers, industrial production, retail sales, housing numbers, you name it china has beaten inflation, they have the flexibility to do more juice to the economy if they need to the chinese party just g
i prefer the van guard msci euro etf, symbol vgk. that's victor george ken for all of you home gamers. i like it so much i own it for my charitable trust. you can follow it. a lot of reasoning why stephanie link and i co-director believe in this. it pays you a solid 3.7% yield while you're waiting. next up, yeah, there's -- china. not done. chinese economy has been in the process of bottoming for a while now. i think the genuine turn could be at hand. we know the chinese central bank has been...
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Jan 16, 2013
01/13
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is it going to be 1.20 versus the euro/yen? there's going to be softening of the euro. >>> cutting ceo jamie dimon's pay. that brings dimon's total compensation for 2012 to a mere $11.5 million. down from $23 million a year before. we are asking with 11.5 million bucks less in his pocket how might dimon tighten his belt. sweet us@squawkstreet. some of your answers straight ahead. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits
is it going to be 1.20 versus the euro/yen? there's going to be softening of the euro. >>> cutting ceo jamie dimon's pay. that brings dimon's total compensation for 2012 to a mere $11.5 million. down from $23 million a year before. we are asking with 11.5 million bucks less in his pocket how might dimon tighten his belt. sweet us@squawkstreet. some of your answers straight ahead. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion...
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Jan 29, 2013
01/13
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>> i tell you, one of the strongest currencies out there is the euro right now. i still like it. above 135, especially fxe, your etf. >> thank you so much for watching. see you tomorrow, 9:00 a.m. "squawk on the street." back here again at 5:00 for more "fast money." don't go anywhere. "mad money" with jim cramer starts right now. launch. ""mad money"" starts right now. >>> i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts. they're nuts. they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to help you make a little money. my job isn't just to entertain but to teach you. call me at 1-800-743-cnbc. the dow jones average is just a stone's throw from 14,000. headed to its all time high that we reached five years ago. the index which rallied 72 po t points nasdaq 52.2% is in rare territory for certain. yet the chatter it remains
>> i tell you, one of the strongest currencies out there is the euro right now. i still like it. above 135, especially fxe, your etf. >> thank you so much for watching. see you tomorrow, 9:00 a.m. "squawk on the street." back here again at 5:00 for more "fast money." don't go anywhere. "mad money" with jim cramer starts right now. launch. ""mad money"" starts right now. >>> i'm jim cramer. welcome to my world. >> you...
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Jan 1, 2013
01/13
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WBAL
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including a collapsing euro or slowly, or skyrocketing oil prices. [ boos ] let's get down to business. here is the first one. i don't want you digging in your heels anymore when you're wrong or in the immortal words of the late great economist, john maynard keynes, when the facts change i change my mind. one of the easiest mistakes to make, i've done it countless times, i refuse to change my stripes after the facts are in and i've been proven wrong. it's natural to refuse to change your mind when you think you're right and the market is going against you. it's also a quick and easy way to lose money yet mad mailers and particularly twitter followers @jimcramer refused to believe this principle. you're always angry when you get run over and always willing to take it out on the people who are on the other side, the ones who got it right. the fact that i am open about this whole process and that i actually read the angry e-mails and the tweets and i engage with people sometimes in a cranky way has helped me to learn stories and learn how to invest better. it has been an exercise in pain.
including a collapsing euro or slowly, or skyrocketing oil prices. [ boos ] let's get down to business. here is the first one. i don't want you digging in your heels anymore when you're wrong or in the immortal words of the late great economist, john maynard keynes, when the facts change i change my mind. one of the easiest mistakes to make, i've done it countless times, i refuse to change my stripes after the facts are in and i've been proven wrong. it's natural to refuse to change your mind...
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Jan 1, 2013
01/13
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including a collapsing euro or a slowing in china. or even skyrocketing oil prices. let's get down to business. here is the first one. i don't want you digging in your heels any more when you're wrong. in the immortal world john maynard cane, when the facts change, i change my mind. one of the easiest mistakes to make, and i know this because i've done it countless times, i refuse to change my stripes after the fact are in and i've been proven wrong. it's a quick and easy way to lose money. yet mad mailers and particularly twitter followers @jimcramer refuse to believe this principal. i have been blasted into reality over and over and over again. whenever i dug in my heels. you are always angry when you get run over. and you're always willing to take it out on the people who are on the other side. the ones who got it right. the fact that i am open about this whole process and that i actually read the e-mails, and i engage with people sometimes in a cranky way has helped me to invest stories and invest better. but it has also been an exercise in pain. >> the house of
including a collapsing euro or a slowing in china. or even skyrocketing oil prices. let's get down to business. here is the first one. i don't want you digging in your heels any more when you're wrong. in the immortal world john maynard cane, when the facts change, i change my mind. one of the easiest mistakes to make, and i know this because i've done it countless times, i refuse to change my stripes after the fact are in and i've been proven wrong. it's a quick and easy way to lose money. yet...
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Jan 17, 2013
01/13
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adelle of 33 for the euro, and i'm thinking that can help. >> that adds to it. more cold weather coming in. now that we have pushed over 350 today, a little bit below, but that is bullish times are here. liz: you know, when news breaks on a single stock, the ceo at the trade financial group moving higher by half a percent. i'm just interested to know how closely traders look at something like that and say, oh, that's interesting. less about the sidelines where they are apparently according to dow jones going to have a new leader. >> well, it seems like it's a good news thing. but this is something that i tend to ignore because it is one event right now. let's look at it a little further and see if it really has impact because the company still has to run the way it runs. can he make that big of a change that. liz: are you looking at something like intel as we weigh on earnings after the bell? >> oh, most certainly. in the heart of earnings season, so this is something we want to pay attention to. so far they have been pretty good. i think important this time is
adelle of 33 for the euro, and i'm thinking that can help. >> that adds to it. more cold weather coming in. now that we have pushed over 350 today, a little bit below, but that is bullish times are here. liz: you know, when news breaks on a single stock, the ceo at the trade financial group moving higher by half a percent. i'm just interested to know how closely traders look at something like that and say, oh, that's interesting. less about the sidelines where they are apparently...
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according to this story the interest rate bets included an estimated profit of twenty four million euros each one hundredth of a percentage point that the three month u.s. libel or increased compared with a one month u.s. dollar libel or according to the documents because of the vast size of the derivatives pool a lot of the general population doesn't have the anger about these massive crimes because they think it's one hundredth of a percentage of a libel or rate move that would have seen them making twenty four million euros profit but these sort of tiny moves with huge profits it just leaves the audience the population at large who should be pressuring the department of justice to do something about this they just think well i don't know about this well this is where paul krugman gets a completely wrong paul krugman. advocates of the government expand their balance sheets expand the debt load go deeper into debt expand the bond issuance expand the size of the federal reserve balance sheet and jamie dimon j.p. morgan's balance sheet central banks and commercial banks want the debts to
according to this story the interest rate bets included an estimated profit of twenty four million euros each one hundredth of a percentage point that the three month u.s. libel or increased compared with a one month u.s. dollar libel or according to the documents because of the vast size of the derivatives pool a lot of the general population doesn't have the anger about these massive crimes because they think it's one hundredth of a percentage of a libel or rate move that would have seen them...
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Jan 9, 2013
01/13
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. >>> with the euro dropping against the u.s. dollar, the ecb is set to meet for the first time this year, so, how should you be trading the common currency? let's bring in amelia bourdeau. and aimee ymelamelia, what's go happen? >> i think tomorrow they are going to stay on hold. the european economy is stagnating. the pmis have been a little bit stronger recently, but they're not strong altogether. why? the main reason it's going to remain on hold tomorrow for the ecb is because risk premium have lessened. there's been a risk-rally in the currency market and equities going on and that gives the ecb some time, as well as the fact that the peripheral bond yeel have been coming in lower. that's a good thing. and also, if they do cut rates ahead, which i think they will towards the middle of the year, that's going to turn deposit rates. they have to be careful and wait for more depolice station risk to emerge before they decide to cut rates. >> so, you are looking to sell euro u.s. dollar. walk us through the trade. >> euro is bein
. >>> with the euro dropping against the u.s. dollar, the ecb is set to meet for the first time this year, so, how should you be trading the common currency? let's bring in amelia bourdeau. and aimee ymelamelia, what's go happen? >> i think tomorrow they are going to stay on hold. the european economy is stagnating. the pmis have been a little bit stronger recently, but they're not strong altogether. why? the main reason it's going to remain on hold tomorrow for the ecb is...
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Jan 28, 2013
01/13
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i know ryan wants to see the debt drop to the euro. but stabilizing the debt relative to our income is sustainability. and i think we're pretty much there in the u.s. we're nowhere near that in europe. so in the u.s., it's fiscal policy as usual minus 1% for government spending. but in the new year, just as we saw in the last year from public policy, but we're not going to see -- we're going to see bigger squeezing going on in europe. >> carl, we're going to leave tlit. these gentlemen are sticking around. thank you for this great perspective this morning. >> if you have comments or questions about anything that you see here on squawk, e-mail us squawk@cnbc.com. >>> still ahead, a major blow to president obama. this was pretty interesting on friday. his nlrb recess appointments ruled unconstitutional and also puts cord ray, the cpcf -- >> consumer protection board. >> anything that either agency does now could be challenged. >> for 300 different rulings that they've made at this point? >> and how much is twitter really worth? another k
i know ryan wants to see the debt drop to the euro. but stabilizing the debt relative to our income is sustainability. and i think we're pretty much there in the u.s. we're nowhere near that in europe. so in the u.s., it's fiscal policy as usual minus 1% for government spending. but in the new year, just as we saw in the last year from public policy, but we're not going to see -- we're going to see bigger squeezing going on in europe. >> carl, we're going to leave tlit. these gentlemen...
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Jan 2, 2013
01/13
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euro growth is still weak. once the risk compression trade has run its course, i think it will be that trend taking over again. so around 1.34 i would sell again. >> as you look into 2013, do you see a european crisis? do you see the ecb essentially having to come into the markets? was angela merkel right it will be tougher for germany than 2012 was? >> i think growth remains very, very weak. therefore, i think during the course of the year, ecb will be forced to take additional steps. that will drive the euro gradually lower. >> gradually lower, but not a crash. >> not a crash like we saw in the summer. >> interesting. thank you for your time. >> thanks so much. >> for more currency trades, be sure to catch "money in motion" on friday at 5:30 with melissa. if you want more educational currencies, go to currencyclash @money in month. >> the fiscal cliff that was almost not. what it means for the players in health care. the ceo of athena health joins us in 15 minutes' time. tdd# 1-800-345-2550 you should've seen
euro growth is still weak. once the risk compression trade has run its course, i think it will be that trend taking over again. so around 1.34 i would sell again. >> as you look into 2013, do you see a european crisis? do you see the ecb essentially having to come into the markets? was angela merkel right it will be tougher for germany than 2012 was? >> i think growth remains very, very weak. therefore, i think during the course of the year, ecb will be forced to take additional...
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Jan 10, 2013
01/13
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that did lead to a big spike in the euro, the euro with a 1% break, $1.32 versus the dollar. big news, as you can see, $1.32 as you can see on your screen for one euro. now, weak dollar, euro strength translates into an up day for gold. the precious metal rising more than 1%. that is about $20. there you go, up $20 and change. silver playing in this rally as you can see on the bottom of your screen, up a little more than 2% right now. well, last but certainly not least, take a look at oil. crude back near $94 a barrel, we're at $93.89 right now. big move on this one. it's all about china. oil imports rising more than 7% last month, offsetting the bearish demand picture in the u.s. inventories which are sitting right now at five-year highs. now let's get to our floor show, because we've got traders standing by at the new york stock exchange, the cme group and, of course, the nymex. jonathan is standing by at the new york stock exchange. all right, jonathan, talk to me about the move today that we're seeing. again, a lot of interest in the financials, top performing sector in 2
that did lead to a big spike in the euro, the euro with a 1% break, $1.32 versus the dollar. big news, as you can see, $1.32 as you can see on your screen for one euro. now, weak dollar, euro strength translates into an up day for gold. the precious metal rising more than 1%. that is about $20. there you go, up $20 and change. silver playing in this rally as you can see on the bottom of your screen, up a little more than 2% right now. well, last but certainly not least, take a look at oil....
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Jan 2, 2013
01/13
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proceed to have linkage to the troubled euro and its accoutremes and away from the italian bond market or overstressed french and spanish counterparts and got our heads handed to us. similarly, owning tech when tech is often considered heavily dependent on europe. as much as 20% or 25% of the earnings of tech are derived from the continent and typically it is deadly. we know this because they don't dodge it on the conference calls. that's how you learn about it. the analysts won't let them get away with it. all you got to do is listen to the q&a. if you're in a company with european exposure you will hear one out of every two or three questions about europe. asia, about china. you want preventive earnings season medicine, go through the previous calls of the companies. if the plurality of the questions are about europe, you know you're probably going to be in for a bruising next time. that's what the analysts focus on and force the companies to talk about. as correlated with europe as many tech and bank stocks are, it is china that controls so many of the cyclicals. the smoketack compa
proceed to have linkage to the troubled euro and its accoutremes and away from the italian bond market or overstressed french and spanish counterparts and got our heads handed to us. similarly, owning tech when tech is often considered heavily dependent on europe. as much as 20% or 25% of the earnings of tech are derived from the continent and typically it is deadly. we know this because they don't dodge it on the conference calls. that's how you learn about it. the analysts won't let them get...
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Jan 3, 2013
01/13
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>> well, to me, i think that what the euro represents, or what the relationship between the euro and other currencies represent continues to be exaggerated by shifts in the ultimate dynamics of trying to score the economy. then you had in the big position growth that we've seen, and then you add in what japan is doing and i just think that you're really altering how the currencies are stocking up relative to each other. but i think there's very little doubt that the euro ended up with a lot more on the long side as the funding issues from europe moderated a little bit. probably pushing it to a level that was not really sustainable. >> rick, what's out there is this notion that japan is purposefully weakening the yen, and so you get a little flight from the yen and it looks like in that flight the euro is catching more of the running money than the dollar is. i think that's one way to think about it. i also think that you don't have clarity here when it comes to the outlook for the u.s. fiscal policy. or the u.s. fed policy that doesn't really enjointer confidence in the greenback. ag
>> well, to me, i think that what the euro represents, or what the relationship between the euro and other currencies represent continues to be exaggerated by shifts in the ultimate dynamics of trying to score the economy. then you had in the big position growth that we've seen, and then you add in what japan is doing and i just think that you're really altering how the currencies are stocking up relative to each other. but i think there's very little doubt that the euro ended up with a...
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Jan 11, 2013
01/13
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. >> i like the euro dollar, but it will cap at 35, so if you want to get a move there, go ahead. >> rebecca? >> stay with the momentum as well, with but as we get closer to the debt ceiling and the sequestration and everything else that washington brings, start to book some profit. >> that is going to do it for us here at5:30 p.m. "mad money" is up next. >> i'm jim cramer, welcome to my world. you need to get in the game. stearns are going to go out of business, and he's nuts, they are nuts, they know nothing. i always like to say there is a bull market somewhere. "mad money," you can't afford to miss it hey, i'm cramer. welcome to "mad money" to cramerica. other people want to make friends. my job isn't on just to entertain, but to teach and educate. call me at 1-800-743-cnbc. after a ho-hum session, s & p finishing flat, nasdaq advancing, we're about to head into the one four most exciting, but least lucrative weeks of the year. thanks to the coming jumble of earnings. the reports are coming. you know the rules. and let's just try to learn. as i told you not that long ago. not imp
. >> i like the euro dollar, but it will cap at 35, so if you want to get a move there, go ahead. >> rebecca? >> stay with the momentum as well, with but as we get closer to the debt ceiling and the sequestration and everything else that washington brings, start to book some profit. >> that is going to do it for us here at5:30 p.m. "mad money" is up next. >> i'm jim cramer, welcome to my world. you need to get in the game. stearns are going to go out of...
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Jan 11, 2013
01/13
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let's go back to the euro, this time let's do the euro versus the dollar. we can see 7 1/2-month high on that trade. it's going to be very fascinating to continue to monitor the relationship between, as ira harris said yesterday, a bit of the exporters on the auto side in europe versus what's going on with the euro/yen to see what kind of impact or retaliation we see on the economic scene for the weakened currency helping the export market in japan. jim, back to you. >> thank you, rick. let's check out the latest in energy, metals. sharon epperson, nymex. >> oil prices pulling back, jim, but that's after reaching multi-month highs. we had the brent crude contract reach a three-month high yesterday. wti at a four-month high. a lot of this had to do in terms of the gains we saw yesterday with the report that the saudis have cut their oil production in december significantly. today's news is focusing on the spread between the two, which has come in significantly as right now around $17. of course, the energy department this week saying they believe it will ave
let's go back to the euro, this time let's do the euro versus the dollar. we can see 7 1/2-month high on that trade. it's going to be very fascinating to continue to monitor the relationship between, as ira harris said yesterday, a bit of the exporters on the auto side in europe versus what's going on with the euro/yen to see what kind of impact or retaliation we see on the economic scene for the weakened currency helping the export market in japan. jim, back to you. >> thank you, rick....
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of their group and kinky thrash monkey on a big week for the russian teens in the top sixteen of the euro b. . and lighting up with just over you have to go to the winter games the olympic torch is on bail which will travel all across russia before reaching the host venue or sochi. but first to the ice where defending champions do not know must go beat skull street in a crunch battle in some petersburg to pump life into the title race in the west roberts by the neon reports. this is currently one of the biggest rivalries in the onset of a cup holder is the no more skill this isn't a favorite skill and it was seen face on a man opens in a ball play me to be colleen boy from the blue line to give the house to one elite the number was quick to level though and it was all down to discuss goalie. who sterile blunder and jones in the. first to chill deal. still regain their lead through the man goff and the stammer around sees the netminder could have done better and now must take somebody you know in. the second period so that we watch the boys again danielle a spot on the low that it was that
of their group and kinky thrash monkey on a big week for the russian teens in the top sixteen of the euro b. . and lighting up with just over you have to go to the winter games the olympic torch is on bail which will travel all across russia before reaching the host venue or sochi. but first to the ice where defending champions do not know must go beat skull street in a crunch battle in some petersburg to pump life into the title race in the west roberts by the neon reports. this is currently...
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Jan 15, 2013
01/13
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the dollar right now is up against the euro. again, another gain which is 1.3348. this morning, it's down against the yen. and gold prices this morning are up by about $11, $1680.70 an ounce. >>> and it's time now for the global markets report. kelly evans is standing by in london. and it's more poofy hair today. you didn't walk through the fog on the way to work, right? oh, it's a wig, it says. it says it's a wig behind you where it says minus .44% right now. >> or, does it? yes, that's right. there are signals coming through this every day just to see if people are paying attention. >> so weird. wig. >> yes. the polish board here is in the red, joe. it is not a wig it takes that on from time to time. we have seen a mixed picture. we have seen a weaker picture as the trading session has gotten under way. i want to point out the xetra dax is down .1%. our underperformer along with the peripheries is down about .3%, as well. after german gdp figures, europe's strongest, biggest economy came in surprisingly weak fourlt fort quarter. that's about a 2% annualized pace.
the dollar right now is up against the euro. again, another gain which is 1.3348. this morning, it's down against the yen. and gold prices this morning are up by about $11, $1680.70 an ounce. >>> and it's time now for the global markets report. kelly evans is standing by in london. and it's more poofy hair today. you didn't walk through the fog on the way to work, right? oh, it's a wig, it says. it says it's a wig behind you where it says minus .44% right now. >> or, does it?...
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Jan 10, 2013
01/13
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calling the euro crisis "temporary," mcdonald's' italian chief executive said the plan will create 3,000 jobs. along with its business in brazil, russia, china, and other countries, mcdonald's predicts its business in italy will grow over the next decade. a record number of people will be able to afford homes this year. that latest piece of encouraging news about the housing market comes from the national assocation of realtors. the group's index of housing affordability hit a record 194 in 2012. a reading of 100 indicates people earning a median income have exactly enough money to qualify for buying a median priced home. still, economists are concerned tight credit standards could put the brakes on home buyers. the irs is catching criticism for how it manages cases of identity theft. in a report issued to congress this week, a taxpayer advocate group accuses the irs of "falling short" in assisting victims of id theft. the group argues that the irs does not have the staff to handle the flood of cases it receives. cases of tax-related identity theft have spiked in recent years. in 2012, t
calling the euro crisis "temporary," mcdonald's' italian chief executive said the plan will create 3,000 jobs. along with its business in brazil, russia, china, and other countries, mcdonald's predicts its business in italy will grow over the next decade. a record number of people will be able to afford homes this year. that latest piece of encouraging news about the housing market comes from the national assocation of realtors. the group's index of housing affordability hit a record...
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Jan 25, 2013
01/13
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he said we relaunched the euro in 2012. a lot of talk with chris at this teen legarde in europe today. 2015, talking about this growth in the back half. i think draghi's intentions today were not to mess things up. the general feeling here is that what the ecb has done with the current situation, perhaps created the underlying conditions for growth. >> i hosted a dinner with christine legarde last night. one of the things that came up mario draghi said this morning that maybe we have good fall back into a problem again. >> well, that's a good question. but what we're hearing is this new buzz phrase out of davos, which is gsp. >> what is that? >> global stability put. i think larry summers may have been the one to coin this phrase. i heard it this morning when i met with a bunch of central bankers at a breakfast this morning. this phrase keeps coming up. the idea you have japan, you have the european central bank and you now have the fed obviously full throttle on monetary policy, underpinning and, you know, we meet here now
he said we relaunched the euro in 2012. a lot of talk with chris at this teen legarde in europe today. 2015, talking about this growth in the back half. i think draghi's intentions today were not to mess things up. the general feeling here is that what the ecb has done with the current situation, perhaps created the underlying conditions for growth. >> i hosted a dinner with christine legarde last night. one of the things that came up mario draghi said this morning that maybe we have good...
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Jan 14, 2013
01/13
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euro hit an intraday high of $1.34, jumping 2.5% against the greenback. sandy? sandra: we're also watching dell shares. this is the big story. especially after trading we're still going to continue to watch this stock. the stock soaring today, reports surfacing that it is in talks with private equity firms over a potential buyout. david: joining us now is williams financial group director and research in equity capital markets is joining us by phone. first of all, is it going private and if so, how much >> you know, david i can't say if it's going to go private or not. we definitely get some specifics at least in some private equity being named, but whoever leaked something like this, if it is true, just cost somebody a little over 2 billion dollars today, so if it was going to go private, it could have done so much cheaper. sandra: i want to focus on the fact that the stock has taken a major hit over the past year, the past six months, it's up 28%, it has rebounded quite a bit from its lows last year. over the past year, however, it's lost about a quarter of it
euro hit an intraday high of $1.34, jumping 2.5% against the greenback. sandy? sandra: we're also watching dell shares. this is the big story. especially after trading we're still going to continue to watch this stock. the stock soaring today, reports surfacing that it is in talks with private equity firms over a potential buyout. david: joining us now is williams financial group director and research in equity capital markets is joining us by phone. first of all, is it going private and if so,...
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Jan 16, 2013
01/13
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this is negative for the euro and the confidence in the u.s. economy, and it is a cautionary tale that means people are flocking to real assets, which is gold. it is an important move. david: isn't everybody doing it? from the united states to the bank of england to the european community itself, everybody is printing money like crazy to buy treasuries, so why bother moving it if everybody is doing it? >> they're bringing it home. germany sees themselves as the only thing that is holding. david: they are the mainstay of the euro. >> they're saying if they have to break away, if they have to move apart, they're circling the wagons with their own gold to say we are able to take a stand here. they couldn't do it in the middle of the european crisis because that would have blown the whole thing up. now that it has calmed down a little bit, they are making preparations to be able to circle the wagons on their own front. liz: what is your call on it and the time limit that you have on that? >> i think over the next three months we can see gold get ba
this is negative for the euro and the confidence in the u.s. economy, and it is a cautionary tale that means people are flocking to real assets, which is gold. it is an important move. david: isn't everybody doing it? from the united states to the bank of england to the european community itself, everybody is printing money like crazy to buy treasuries, so why bother moving it if everybody is doing it? >> they're bringing it home. germany sees themselves as the only thing that is holding....
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Jan 17, 2013
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reduce interest rates and in that instance also seemed to indicate that they could welcome a lower euro and then totally flipped in the last meeting. actually in the last ecb meeting you're getting shades of the same commentary from draghi but it will not support ain't rate move. >> tom, to use a bar fight analogy you're saying to draghi and bernanke let's take it out back. you're willing to put on the gloves and fight the fed, fight the ecb and fight the global central banks that are pumping so much liquidity into the marketplace and keeping a put under the market. >> they are keeping the put under the market. we should respect history. if we look back over history, we constantly find that if what holds the market up is interference, what holds the market up is a policy that's specifically geared to creating those moves and you don't get the underlying sustainable dynamic and economic pickup it can hold for a period of time but the market will run its own way. since 2009 we had a number of double digit down moves including the 22% down move in 2010 and last year. we sometimes have to d
reduce interest rates and in that instance also seemed to indicate that they could welcome a lower euro and then totally flipped in the last meeting. actually in the last ecb meeting you're getting shades of the same commentary from draghi but it will not support ain't rate move. >> tom, to use a bar fight analogy you're saying to draghi and bernanke let's take it out back. you're willing to put on the gloves and fight the fed, fight the ecb and fight the global central banks that are...
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Jan 15, 2013
01/13
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the euro is at an 11-month high against the dollar and the yen is scheduled to move lower if the bank of japan wants its way, and a lot of people are saying that could benefit gold in a big way which is starting to move higher again. what do you make of the currency wars going on right now? >> i think they are going to heat up and the central players where it heats up will be between germans and the japanese over exports of cars, but i agree with you, and i also think that if we look at how they are going to develop in the near term, i would think that the trigger for that will be when the dollar/yen, for example, gets above 90 and the euro/yen significant levels, and real quickly i've had a lot of e-mails about problems with our bills, but not the ones that you think. t-bills. at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and many are attributing to anxieties and rule 2a7 from t
the euro is at an 11-month high against the dollar and the yen is scheduled to move lower if the bank of japan wants its way, and a lot of people are saying that could benefit gold in a big way which is starting to move higher again. what do you make of the currency wars going on right now? >> i think they are going to heat up and the central players where it heats up will be between germans and the japanese over exports of cars, but i agree with you, and i also think that if we look at...
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Jan 3, 2013
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unemployment rate and if it defaults on its next round it's going to end up getting kicked out of the euro zone. why do you say we're on the path to greece? >> well, because the people in greece continue to reject any kind of real reform because they've been so long denying reality that they think they can do it forever. the americans are not that far from when we had a balanced budget. we're not that far from when we paid for what we consumed. but we've got to get back to it pretty soon because after 12 years you're beginning to build the generation of citizens and even more generation of politicians who think this can go on forever. >> greta: what do you think is going to happen with the debt ceiling? people didn't notice, but secretary geithner sent a letter to capitol hill we have hit the debt ceiling. he can now do some sort of maneuvering with the money so we at least have cash for about two months, but we're about to run out of cash and a big fight offer the debt ceiling. what's going to happen? >> first of all, tim geithner, bless his heart, he's a little disingenuous in one sense.
unemployment rate and if it defaults on its next round it's going to end up getting kicked out of the euro zone. why do you say we're on the path to greece? >> well, because the people in greece continue to reject any kind of real reform because they've been so long denying reality that they think they can do it forever. the americans are not that far from when we had a balanced budget. we're not that far from when we paid for what we consumed. but we've got to get back to it pretty soon...
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Jan 31, 2013
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. >> if you look at our revenues, we report in euros, but i'll give you round numbers in dollars. we're over a $20 billion u.s. software company. we're delivering much more than $5.5 billion in profit. so the company has to grow profitably. most importantly, though, we want to focus on the customer. if we can have the users of our technology love us, we'll reach the 1 billion users by 2015. we'll be a greater than 20 billion euro software company which is somewhere closer to $30 billion. and that 35% operating margin so we deliver a lot of flow through to shareholders. this is who we are. profitable revenue growth driven by customer innovation, it is all about winning for the customer. >> you've also tapped in -- i've been trying to figure out ever since i heard it on the intel call how to make money off the tablet, which is the phone and the tablet. you guys have figured it out. >> our big idea is to be device agnostic. so all the devices are supported by -- >> you don't care. >> it's all good. >> samsung -- >> it's all good. we want to run business applications so our customers
. >> if you look at our revenues, we report in euros, but i'll give you round numbers in dollars. we're over a $20 billion u.s. software company. we're delivering much more than $5.5 billion in profit. so the company has to grow profitably. most importantly, though, we want to focus on the customer. if we can have the users of our technology love us, we'll reach the 1 billion users by 2015. we'll be a greater than 20 billion euro software company which is somewhere closer to $30 billion....
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Jan 8, 2013
01/13
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dollar is the worst currency outside the euro. but i happen to also own gold i don't think it will go up right away and maybe we still have a correction of another 10% or so on the downside. i just think that government will print money and that there will be competitive devaluation, and so i want to have gold as an insurance. >> wow. but, am i right to read on that that you deem the u.s. dollar as the, you know, the best place to be in terms of currencies? you don't think -- >> i suppose. i mean, i also own singapore dollars, the singapore dollar is probably very good currency to own, down through my exposure to use the currency. but, i don't think that the euro is now a very desirable currency to own. and do we have a lot of problems as senator ron johnson explained just now, in the u.s., but we have the same problems, or even more in europe. so in the beauty contest of the ugliest currencies, the u.s. dollar is not winning. it's okay. and i think i'd rather be in dollars at the present time, than say euros. >> marc, that's fasc
dollar is the worst currency outside the euro. but i happen to also own gold i don't think it will go up right away and maybe we still have a correction of another 10% or so on the downside. i just think that government will print money and that there will be competitive devaluation, and so i want to have gold as an insurance. >> wow. but, am i right to read on that that you deem the u.s. dollar as the, you know, the best place to be in terms of currencies? you don't think -- >> i...
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Jan 10, 2013
01/13
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oh, it's not just china, the market clobbered versus the euro something that our international companies they just love to see. it puts them here. >> house of pleasure. >> why else? how about the fact that ford, one of the best bell weathers of economic growth out there doubled its dividend last night. something i said was a possibility earlier this week when we recommended it as a way to play the auto super cycle i see playing out. yes, these are clear cases where our themes are the place to circle the wagons during the confusion of 2013. we can fret over the new treasury secretary. we can marvel about the battle royale over hedge fund managers. please stay away from that firing range. and we can ponder the oncoming train -- >> all aboard -- >> that is the debt ceiling debacle. or we can fall back on these themes i keep talking about. themes that give us a place to go within all the skirmishing that defines our marketplace day after day. we've gone over china, the banks, and housing. we've told you that the autos and insurance stocks should be bought on weakness and aerospace can work.
oh, it's not just china, the market clobbered versus the euro something that our international companies they just love to see. it puts them here. >> house of pleasure. >> why else? how about the fact that ford, one of the best bell weathers of economic growth out there doubled its dividend last night. something i said was a possibility earlier this week when we recommended it as a way to play the auto super cycle i see playing out. yes, these are clear cases where our themes are...
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Jan 15, 2013
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of course, we're talking about the euro currency versus the greenback. jim, back to you. >> great, rick, thank you. new shift in platinum and gold prices. a lot going on with gold. let's go to sharon epperson at the nymex. >> jim, we have not seen this since this spring. platinum prices now being more expensive than gold. we're looking at platinum rose above 1690 an ounce this morning. gold prices right around 1677 an ounce. we haven't seen this in ten months' time. but we have been telling you since the start of the year, that this is the year for platinum. that the supply issue is facing that market. the fundamental issues, a big reason analysts are looking for platinum to outperform gold this year. we are hearing from anglo american platinum in south africa. of course, the largest producer of lat numb in the world, saying it is going to close several of its mines in south africa and wants to return to profitability. it's worried about slow demand and rising costs. we're watching what's happening in the natural gas market, because natural gas reached t
of course, we're talking about the euro currency versus the greenback. jim, back to you. >> great, rick, thank you. new shift in platinum and gold prices. a lot going on with gold. let's go to sharon epperson at the nymex. >> jim, we have not seen this since this spring. platinum prices now being more expensive than gold. we're looking at platinum rose above 1690 an ounce this morning. gold prices right around 1677 an ounce. we haven't seen this in ten months' time. but we have been...
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Jan 2, 2013
01/13
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whether in yen terms or euro terms, i can't tell that you part, judge. but i do know that i love being short puts in the slv and gld. both work for you. i have neither position. >> gold, silver? >> yeah. right now, silver and gold. same at last year. if you look at where gold and silver was. gold about 10%. silver on the other side in the short term. >> weiss? >> i love chuck e. cheese token terms. >> look, there's a place in every portfolio for it. i just don't know how to handle the trade. >> can you help them out judge? >> it should be invest if gold, don't trade it. >> coming up, in the hot seat, finding out if he is standing by recent trade gone wrong. we'll be right back with the virtual doctor. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and wi
whether in yen terms or euro terms, i can't tell that you part, judge. but i do know that i love being short puts in the slv and gld. both work for you. i have neither position. >> gold, silver? >> yeah. right now, silver and gold. same at last year. if you look at where gold and silver was. gold about 10%. silver on the other side in the short term. >> weiss? >> i love chuck e. cheese token terms. >> look, there's a place in every portfolio for it. i just don't...
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Jan 16, 2013
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that's having that impact on euro/dl euro/-- eauro/dollar. and saying that it was too strong -- >> maybe because ewald nowotny was in front of a green markets. psychological. >>> we want to look at companies around the globe which are starting to outline and deploy theirity budgets for 2013. a new survey for from gartner of more than 2,000 cios in 41 countries finds plans for total spend down .5% in 2013 with digital technology, mobile devices and cloud computing, among their top priorities. joining us in a first look at the survey is mark mcdonald, group vice president of gartner's executive programs. mark, good morning. so down half a percent. let's start there. this actually is a continuation of a long-term trend. is it a headwind for tech companies? >> well, it's not so much of a headwind as much as a realization that there needs to be a transition from what i.t. has been to what technology needs to be in the future. across those, you know, 36 different industries, we see organizations kind of moving from technology kind of tending to cur
that's having that impact on euro/dl euro/-- eauro/dollar. and saying that it was too strong -- >> maybe because ewald nowotny was in front of a green markets. psychological. >>> we want to look at companies around the globe which are starting to outline and deploy theirity budgets for 2013. a new survey for from gartner of more than 2,000 cios in 41 countries finds plans for total spend down .5% in 2013 with digital technology, mobile devices and cloud computing, among their top...
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Jan 11, 2013
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euro/dollar, 11.3260. let's bring you up to speed with the asian trading session today as they wrap up the week. li sixuan joins us for the first time today. >> thanks, ross. japan was a clear outperformer after shinzo abe unveiled his massive stimulus plan. and the nikkei gained 1.4% today. just to put it into context, this index is up for the ninth straight week, its longest winning streak since late 1988. shares of stocks surged to nearly 5% after the operator of clothing chain unicore raised its full year guidance. but hotter than expected cpi data from china put new pressure on the shanghai deposit. there will be more curbs to taint housing prices. meanwhile, weakness in china's blue chips dropped the hang seng lower. but hsbc did lend some support after the bank said yesterday that the plan to sell its stake to citigroup was still on track. korean automakers took a hit after the korean won climbed to a 17-month high. the kospi finished lower by .5%. in australia, miners lost out as a cyclone affected
euro/dollar, 11.3260. let's bring you up to speed with the asian trading session today as they wrap up the week. li sixuan joins us for the first time today. >> thanks, ross. japan was a clear outperformer after shinzo abe unveiled his massive stimulus plan. and the nikkei gained 1.4% today. just to put it into context, this index is up for the ninth straight week, its longest winning streak since late 1988. shares of stocks surged to nearly 5% after the operator of clothing chain unicore...
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Jan 16, 2013
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we're not even close. >> you have it in the euro zone, you have it in the uk, japan. you have deceleration in china. the u.s. is slow -- >> it's not even close. >> gary, what you are saying is the average gdp growth is going to be 2%, which is lower than 3.3% that is needed to hold unemployment rate steady, direct? so, in a year, we are going to see the unemployment rate pretty dramatically higher. >> well, that's right. if you look at the trade-off between unemployment and economic growth, it takes 3.3% real gdp growth to keep the unemployment rate stable. that's over the total post-world war ii period. at 2%, you would have a chronic rise of the unemployment rate by a little over one percentage point a year. >> mr. shilling, steve grasso. where do i go? do i go with utilities? where do i play this? and where is the timing? right after the debt ceiling debate? >> yeah, i sure wish i knew on the timing. i think right now, the way we're structuring sug sessigestions i portfolios, yeah, risk on but with caution. i would go for -- i would go for more defensive stocks, ut
we're not even close. >> you have it in the euro zone, you have it in the uk, japan. you have deceleration in china. the u.s. is slow -- >> it's not even close. >> gary, what you are saying is the average gdp growth is going to be 2%, which is lower than 3.3% that is needed to hold unemployment rate steady, direct? so, in a year, we are going to see the unemployment rate pretty dramatically higher. >> well, that's right. if you look at the trade-off between unemployment...
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Jan 14, 2013
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and euro slshl dollar, 1.3385. we have been up to 1.34. the high not since march, but since february 2012. that is where we stand right now in europe. serb won has more for us from asia. >> asian markets mostly in the green today as the clear outperformer is china's shanghai composite jumping a stunning 3% today. the index hit a seven-month high on talking about increasing the quota. investors are filling up ahead of the 2012 gdp data due out later this week. if you'll recall, late last week, growth could come in at 7.7%, surpassing beijing's target of 7.7%. so financials and military stocks were the biggest winner necessary today's rally. strengthening mainland blue chips helped boost the sang second higher by .6%. the globals porter li & fug dropped today. the yen has softened to a 2 1/2 year low. elsewhe elsewhere, south korea's kospi add .5% today. australia's asx 200 finished marginally in the green and india's sensex just touched off gaining a strong 1.4%. back to you. >> all right. thanks for that, sish we know. have a good evening
and euro slshl dollar, 1.3385. we have been up to 1.34. the high not since march, but since february 2012. that is where we stand right now in europe. serb won has more for us from asia. >> asian markets mostly in the green today as the clear outperformer is china's shanghai composite jumping a stunning 3% today. the index hit a seven-month high on talking about increasing the quota. investors are filling up ahead of the 2012 gdp data due out later this week. if you'll recall, late last...
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Jan 10, 2013
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my father was an academic who kept getting degrees and the euro monday when they got his phd in the two southwestern ohio for high school and college in minnesota. came to new york immediately had been there ever since. most of it and western. have a lot of minnesota team spirit and a father point back of his sister mother father were there. a lot of dna for minnesota. c-span: is marketing your big name? >> guest: yeah. c-span: what is yours? >> guest: panderer region in danish. c-span: what is your sense comes the similar background for vice president mondale, you know, he was there. >> guest: it really wanted to have an interview because i really wanted to reflect his point of view. josh and i were eager to hear him out on this. but i can't tell you because i never even got a chance. >> guest: you keep reading all these connections in this town and in this case, these folks are making millions and millions of dollars. why didn't anybody stop? >> guest: people try to solve it. there's a wonderful and go to an episode in the book for the cbo, congressional budget office in the mid-90s d
my father was an academic who kept getting degrees and the euro monday when they got his phd in the two southwestern ohio for high school and college in minnesota. came to new york immediately had been there ever since. most of it and western. have a lot of minnesota team spirit and a father point back of his sister mother father were there. a lot of dna for minnesota. c-span: is marketing your big name? >> guest: yeah. c-span: what is yours? >> guest: panderer region in danish....
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Jan 18, 2013
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. >> i like the australian dollar, euro/aussie is going higher. >> andy bush. >> divergence is happening in the technicals. a good time to be trading around these currencies. >> buy aussie on a pullback. >> kathy? >> dollar/yen headed for a stronger dip above 90. >> that's it for us here at "money in motion," your next chance to make a currency trade is sunday afternoon. we will see you back here next friday at 5:30 p.m. eastern time on cnbc. have a great long weekend. "mad money's" up next. >>> i'm jim cramer, and welcome to my world. you need to get in the game. going out of business and he's nuts, they're nuts! they know nothing! i always like to say there's a bull market somewhere, and i promise -- "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i just want to try to save you some money. my job is not just to entertain you but to educate you so call me at 1-800-743-cnbc. we had that sweet combination of good earnings from companies like general electric, morgan stanley, schlumberger coupled wi
. >> i like the australian dollar, euro/aussie is going higher. >> andy bush. >> divergence is happening in the technicals. a good time to be trading around these currencies. >> buy aussie on a pullback. >> kathy? >> dollar/yen headed for a stronger dip above 90. >> that's it for us here at "money in motion," your next chance to make a currency trade is sunday afternoon. we will see you back here next friday at 5:30 p.m. eastern time on cnbc....
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Jan 16, 2013
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keep an eye on euro yen. that cross trade has a lot of excitement and there has been talk about currency trade wars. we have been talking about it a long time on the floors. >> there's supposed to be an announcement. i did get confirmation a small amount of gold would be moved. plans to bring gold home and bring 50% of gold reserves in frankfurt by 2020. 300 tons are going to leave new york, 374 tons from paris. >> why is that? >> i'm not quite clear why. >> german politics. >> is chthat what it is? >> they want to have it. they moved it out of germany because of the cold war, a threat the russians would take it. most of it is sitting in the new york fed in world war ii. most europeans moved it here during the war and moving it back. there's something tangible and viserable about having gold. >> the auditors called last october for an official suspicion of t inspections of the gold saying it has never been checked. >> that is trust to never check with the fed about your gold. >> have you ever been there? >> i
keep an eye on euro yen. that cross trade has a lot of excitement and there has been talk about currency trade wars. we have been talking about it a long time on the floors. >> there's supposed to be an announcement. i did get confirmation a small amount of gold would be moved. plans to bring gold home and bring 50% of gold reserves in frankfurt by 2020. 300 tons are going to leave new york, 374 tons from paris. >> why is that? >> i'm not quite clear why. >> german...
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Jan 18, 2013
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along with the euro/yen, dollar/yen, big performer, fresh 30-month highs as we hover and debate whether we close above 90 and very aggressive pro dollar but anti-yen trade with regard to pressure due to inflation issues by the bank of japan. tyler, it's all yours. >> rick, let's go to phil lebeau now for breaking news. >> tyler, we had some of our crew in washington catch up with secretary of transportation ray lahood. he was addressing the u.s. conference of mayors. after he addressed mayors we had the chance to ask him about the dreamliner and grounding. remember just last friday he was very public in saying these planes are safe. i would fly one immediately if i had a chance. well we asked him today what he thinks about those comments and about the dreamliner being grounded. sheer what he had to say. >> the reason that we grounded it is because we did further consultation with boeing and there was another incident. so those planes aren't flying now until we really have a chance to examine the batteries. those planes aren't going to fly until we are a thousand percent sure that they a
along with the euro/yen, dollar/yen, big performer, fresh 30-month highs as we hover and debate whether we close above 90 and very aggressive pro dollar but anti-yen trade with regard to pressure due to inflation issues by the bank of japan. tyler, it's all yours. >> rick, let's go to phil lebeau now for breaking news. >> tyler, we had some of our crew in washington catch up with secretary of transportation ray lahood. he was addressing the u.s. conference of mayors. after he...
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dollar. 0 little weakness in the euro but the dollar euro story will continue in 2013. [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every
dollar. 0 little weakness in the euro but the dollar euro story will continue in 2013. [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first...
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Jan 11, 2013
01/13
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in europe really is propelling the euro higher, again today. ♪ [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. cheryl: breaking news from goldman sachs, the economic research teams issuing a report just released as they are lowering the estimate for fourth quarter gdp. they are now saying fourth quarter is 1.3%, down a half percentage from the original estimate of the fourth quarter. why lower the estimate for the fourth quarter? weaker than expected trade data is one thing they cited, so the november trade gap an issue, and also citing automobile imports, exports, consumer goods, imports, especially, and petroleum. they are lowering gdp economic forecasts for the fou
in europe really is propelling the euro higher, again today. ♪ [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are...